J.D (India) Corporation -Vs- City Bzr Fashions & Retail Pvt Ltd was undergoing Corporate Insolvency Resolution Process (CIRP). The CIRP was initiated by an Operational Creditor, and the application was admitted on 2018-09-14. The Resolution Professional (RP) filed an application (CA(IB) No. 272/KB/2019) under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking permission to withdraw the CIRP. The RP submitted that the matter had been settled out of the Tribunal, the Operational Creditor's claim had been paid, and all fees and resolution costs had been covered. The RP stated that no further dues were outstanding. The key fact is the settlement between the parties and the full payment of the Operational Creditor's claim, leading to the withdrawal application.

J.D (India) Corporation -Vs- City Bzr Fashions & Retail Pvt Ltd was undergoing Corporate Insolvency Resolution Process (CIRP). The CIRP was initiated by an Operational Creditor, and the application was admitted on 2018-09-14. The Resolution Professional (RP) filed an application (CA(IB) No. 272/KB/2019) under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking permission to withdraw the CIRP. The RP submitted that the matter had been settled out of the Tribunal, the Operational Creditor's claim had been paid, and all fees and resolution costs had been covered. The RP stated that no further dues were outstanding. The key fact is the settlement between the parties and the full payment of the Operational Creditor's claim, leading to the withdrawal application.